Number borrowers | 396 |
Loan Amount (range) | KES 5,000 - 40,000 |
Loan Term (range) | 3 - 9 |
Other Services (text summary) | |
Annual Interest & Method | 21.0% annual, Flat |
Fees | 400.00-0.00 upfront |
Insurance | 1.50% upfront |
Tax | None |
Comp Dep | 10.0%-15.0% upfront 100.00 ongoing |
Range of pricing | |
Interest Price Component | 33.6% - 40.3% |
Fee Component | 0 - 10.6% |
Insurance Component | 0 - 4.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 62.2% - 81.1% |
Transparency Index (min/max) | 24 - 56 |
Transparency Index (average) | 30 |
68 |
RWF 500,000 - 5,000,000 |
12 - 36 |
Credit Educ |
16.00%-18.00% annual, Decl Bal |
2 fees |
None |
None |
25.00% upfront |
15.0% - 46.2% |
0.9% - 29.9% |
0 - 0.6% |
0 |
38.9% - 48.6% |
33 - 182 |
38 |
Outstanding portfolio (KES) | KES 4,713,212.77 |
Portfolio (USD) | USD 56,922.86 |
Active Clients with Loans | 396 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Coast |
Outstanding portfolio (RWF) | RWF 57,822,966 |
Portfolio (USD) | USD 91,782 |
Active Clients with Loans | 68 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Gasabo, Kicukiro, Nyarugenge |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 40,000 |
Loans less than KES 50,000 | 100% |
KES 50,000-150,000 | 0 |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 9.0 months |
Approx average | dk |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 80% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 500,000 |
Maximum loan size | 5,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 20% |
Greater than RWF 4,500,000 | 20% |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 40% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 21.00% |
Highest quoted nominal interest | 21.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 400 |
Fixed amount - max | 0 |
Reason for variation | KES 400 Minimum |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Emergency Fund |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10% |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 100 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 18.00% |
Reason(s) why interest rate varies | Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Processing Fee | |
% of loan amount - min | 1.00% | 1.50% | |
% of loan amount - max | 1.00% | 1.50% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 15,000 | KES 20,000 | KES 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-30 | 2013-05-01 | 2013-08-06 | 2013-05-23 | |||
Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | 9.0 months | |||
Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | 0.5 months | |||
Total Cost of Credit | KES 2,125 | KES 2,987.50 | KES 3,850 | KES 5,575 | |||
True Price by Comp | |||||||
Interest price component | 37.0% | 37.0% | 37.0% | 37.0% | |||
Fee Component | 10.6% | 7.0% | 5.2% | 3.5% | |||
Insurance Component | 4.1% | 4.0% | 4.0% | 4.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 29.4% | 23.1% | 20.3% | 17.7% | |||
Full APR (int fee ins tax dep) | 81.1% | 71.1% | 66.5% | 62.2% | |||
Transparency Index | 26 | 30 | 32 | 34 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 5,000,000 | RWF 5,000,000 | RWF 3,500,000 | RWF 1,250,000 | |||
Loan Cycle (1, 2, 3, etc) | 3 | 1 | 0 | 3 | |||
Disbursement Date | 2012-07-11 | 2012-07-06 | 2012-07-19 | 2012-08-01 | |||
Loan Term (Months) | 37.0 months | 37.0 months | 37.0 months | 13.0 months | |||
Grace Period (Months) | 0.1 months | 0.0 months | 1.8 months | 0.5 months | |||
Total Cost of Credit | RWF 2,186,904 | RWF 2,186,904 | RWF 1,530,840 | RWF 218,750 | |||
True Price by Comp | |||||||
Interest price component | 22.9% | 23.7% | 22.8% | 24.5% | |||
Fee Component | 1.8% | 1.9% | 1.7% | 4.6% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 14.5% | 15.4% | 14.4% | 19.5% | |||
Full APR (int fee ins tax dep) | 39.2% | 41.0% | 38.9% | 48.6% | |||
Transparency Index | 41 | 39 | 41 | 33 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# Samples: | |
# Products | |
# Institutions | |
# Countries | |
# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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